Apollo Tyres Ltd Share Price – NSE /  BSE

Tyres, Small Cap

Apollo Tyres Ltd is up for a third straight session in a row. The stock is quoting at Rs 530.65, up 1.76% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.01% on the day, quoting at 24460.55. The Sensex is at 80958.35, up 0.14%. Apollo Tyres Ltd has risen around 9.99% in last one month.

Meanwhile, Nifty Auto index of which Apollo Tyres Ltd is a constituent, has risen around 1.02% in last one month and is currently quoting at 23752.4, down 0.66% on the day. The volume in the stock stood at 8.52 lakh shares today, compared to the daily average of 12.32 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 528.8, up 2.63% on the day. Apollo Tyres Ltd is up 15.7% in last one year as compared to a 17.29% jump in NIFTY and a 32.62% jump in the Nifty Auto index.

The PE of the stock is 35.56 based on TTM earnings ending September 24.

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Apollo Tyres Ltd is up for a third straight session in a row. The stock is quoting at Rs 515.8, up 2.38% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.22% on the day, quoting at 24168.6. The Sensex is at 79913.13, down 0.25%. Apollo Tyres Ltd has risen around 6.04% in last one month.

Meanwhile, Nifty Auto index of which Apollo Tyres Ltd is a constituent, has risen around 2.07% in last one month and is currently quoting at 23716.45, down 1.04% on the day. The volume in the stock stood at 8.66 lakh shares today, compared to the daily average of 12.56 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 516.9, up 2.49% on the day. Apollo Tyres Ltd is up 22.05% in last one year as compared to a 21.51% spurt in NIFTY and a 36.42% spurt in the Nifty Auto index.

The PE of the stock is 34.37 based on TTM earnings ending September 24.

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However, revenue from operations grew by 2.50% to Rs 6,437.03 crore in the quarter ended 30 September 2024.

Profit before exceptional items and tax declined 41.62% YoY to Rs 404.09 crore in Q2 FY25. The firm reported exceptional items of Rs 5.17 crore during the quarter.

EBITDA was at Rs 877.9 crore in the September quarter, registering a decline of 24.3% as against Rs 1,159.8 crore recorded in Q2 FY24. EBITDA margin reduced to 13.6% in the September quarter as compared to 18.5% reported in Q2 FY24.

On half year basis, the company’s consolidated net profit fell 31.18% to Rs 599.46 crore in H1 FY25 as compared to Rs 871.16 crore recorded in H1 FY24. However revenue from operations declined 1.97% YoY to Rs 12,771.88 crore in H1 FY25.

Net debt at the end of September 2024 increased by Rs 4.6 billion compared to March 2024. This increase was primarily driven by a rise in short-term borrowings, which was in turn impacted by higher working capital requirements.

The company stated that it continues to reduce its long-term debt, which decreased by Rs 7.6 billion in September 2024 compared to March 2024.

Apollo Tyres principal business activity is manufacturing and sale of automotive tyres.

The scrip rallied 4.25% to Rs 475.75 on the BSE.

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Net profit of Apollo Tyres declined 37.28% to Rs 297.46 crore in the quarter ended September 2024 as against Rs 474.25 crore during the previous quarter ended September 2023. Sales rose 2.51% to Rs 6437.03 crore in the quarter ended September 2024 as against Rs 6279.57 crore during the previous quarter ended September 2023.

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